121 Southport Rd Spartanburg, SC 29306-3815

This exceptional Class A, single-tenant investment property features a 17,825 square foot Caliber Collision center in Spartanburg, South Carolina. Located at 121 Southport Rd, 29306, this property boasts excellent visibility and access on a high-traffic road (19,500+ vehicles per day) and is less than 1.3 miles from Interstate-26 (51,000+ VPD). The building, constructed in 1998 and renovated in 2014, sits on a 1.71-acre lot and consists of two, one-story buildings. The property is zoned GC and has a Net Lease (NN+) agreement with a credit-rated tenant backed by a corporate guarantee. The lease, commencing March 13, 2015, has approximately 0.4 years remaining with two five-year options. The current NOI is $107,191, with a pro-forma NOI of $113,623. Rent increases are tied to the CPI, with a maximum 6% annual increase every three years. This fee-simple ownership opportunity offers significant long-term upside potential due to the strong tenant, favorable lease terms, and prime location. The property's land value is estimated at $70-$130 per square foot. This is a rare chance to acquire a high-performing asset in a thriving market.